DoorDash Officially Filed for Its IPO

On November 13, DoorDash filed its IPO paperwork with the SEC, which means a December IPO could easily be in sight for the popular food-delivery company. But does DoorDash have what it takes to give potential investors the compelling story they so desperately need? On November 13, DoorDash filed its IPO paperwork with the SEC, which means a December IPO could easily be in sight for the popular food-delivery company. But does DoorDash have what it takes to give potential investors the compelling story they so desperately need? [Wealth Daily logo] DoorDash Officially Filed for Its IPO [Monica Savaglia Photo] By [Monica Savaglia]( Written Nov 17, 2020 Last week, I told you about the rumors swirling around the food-delivery company DoorDash preparing its IPO paperwork for a December market debut. Well, the rumors became reality on Friday, November 13 when it was announced that the company had filed its S-1 with the SEC. DoorDash is one of the largest food delivery startups in the U.S. Founded in 2013 by Tony Xu, Andy Fang, Evan Moore, and Stanley Tang, the company is based in San Francisco, California. It filed for its IPO earlier this year in February, but before the company could go full force with its IPO roadshow, the world began coronavirus shutdowns. It wasn’t until summertime that the IPO market started to pick back up, though market volatility lingered. DoorDash most likely waited until after Election Day to file its S-1 for a few reasons. One of those reasons is something I mentioned [last week](: The company most likely wanted to get some clarity on Proposition 22 in California and how it was going to navigate that decision. With its passage, DoorDash no longer has to worry about having to provide its delivery workers with employee benefits. It can continue to classify its “dashers” as contractors. Not having to pay for benefits will save DoorDash a lot of money, which was good news for the company as it's been losing money since it’s founding. Having to provide benefits would make it extremely difficult for a company like DoorDash to thrive or even continue to exist. [Tesla is Dead. Elon Musk is Ruined.]( Thanks to a new discovery — known as “Blue Gas” — electric car companies like Tesla are about to go down in flames. “Blue Gas” is 100% emission-free, can propel vehicles hundreds of miles, and allows cars to fully charge in just minutes. And the tiny company behind it is primed to absolutely shatter any gains ever paid out by Tesla. [Click here before this stock goes from a few dollars to $350 in the coming months](. It’s true the pandemic lockdown was more of a blessing than a curse on food delivery companies like DoorDash, which experienced a major increase in its revenue because its platform connected people who were stuck at home to their favorite restaurants and other necessities. DoorDash was able to maintain its business and reported revenue of $1.92 billion in the first nine months of the year — more than a 200% increase from the same period last year when it reported earning $587 million. DoorDash had 543 million orders through September compared to 181 million orders in the same period just a year ago. DoorDash generates revenue from the fees paid by customers and from the commission that’s charged to merchants for orders that have been completed through DoorDash’s marketplace. Even with the surge in its revenue, the company continues to lose money. Its net loss in the first nine months of 2020 was $149 million compared to its net loss of $533 million in 2019. DoorDash was able to earn a $23 million profit in the second quarter of this year, but that shortly dwindled, and it experienced a loss in the third quarter. To me, if a company is still experiencing a loss even with a massive increase in orders, that could be a red flag. It may not seem like it now, but this pandemic will come to an end, and there's a chance that orders could slow down for DoorDash. However, there is also the possibility that the pandemic actually shifted our norms. Maybe now that we've been living in this "alternate reality" for the past eight months, people are now used to ordering food and their groceries from delivery apps. Perhaps they are now more comfortable with it and even prefer that option. Obviously, it’s hard to predict the future. I'm sure none of us imagined this would be what our lives looked like a year ago. According to Pitchbook, a source that tracks startup funding, DoorDash raised about $3 billion in total capital. In June, it was valued at $16 billion after a recent private funding round that earned about $400 million. DoorDash plans to list on the NYSE under the ticker symbol “DASH.” It will offer three classes of stock with different voting shares. As of right now, there is no expected IPO date and no indications of the IPO price range. Those details don't usually get sorted out until a few days or even the night before a company goes public. “The Most Important Discovery in Half a Century” — Science Magazine The FDA has just greenlit a brand-new kind of cure for tons of deadly and formerly incurable chronic diseases plaguing millions of people. We’re looking at the END of diseases like depression, alcoholism, opioid addiction, anorexia, and much more. This is totally unlike anything the medical establishment has seen before... and it works. Top investors like Kevin O’Leary are racing to stake their claim to a trillion-dollar payoff. [More here...]( Research from Edison Trends shows that DoorDash currently has the greatest market share in the food delivery market, making up about 48% of it. That’s almost half the entire market, which should put the company in a unique position for future growth. It’ll have to fight to stay locked in that position by continuing to innovate and logically expanding its businesses. However, there’s no certainty that food-delivery platforms like DoorDash, Uber (NYSE: UBER), Postmates, and Grubhub (NYSE: GRUB) will be useful in the future or if these companies will even be around in the next decade. They are very niche, and trying to appeal to investors can be difficult — especially since it’s a fairly new industry. I still think a December IPO for DoorDash might be a little soon. An IPO in early 2021 would be more beneficial, but I’m not sure that the company feels the same way. On the surface, an end-of-the-year IPO could seem more appealing since the company can shift its focus to its increasing revenue, its brief period of profitability, and its ability to shrink its net losses from the previous year’s financials. Whenever the company decides to go public, investors will be excited to be a part of it. It’s a well-known company in a fairly new and exciting industry, with a few more marketable qualities right now because of its huge revenue increase from the previous year. If you’re interested in DoorDash’s upcoming IPO and news and research on other IPOs, then [click here.]( Until next time, [Monica Savaglia Signature Park Avenue Digest] Monica Savaglia Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter [IPO Authority](, a one-stop resource for everything IPO. She also contributes regularly to the [Wealth Daily]( e-letter. To learn more about Monica, [click here](. Biden Is In and So Is Green Energy Let me explain… The president-elect’s goal is no secret: Achieve net-zero emissions, economy-wide, by no later than 2050. — JoeBiden.com In Biden’s America, we’re going green. And the International Energy Agency is fully on board: Renewables, including solar, wind, hydro, biofuels and others, are at the centre of the transition to a less carbon-intensive and more sustainable energy system. What I’ve found is a green technology that will power millions of homes 24/7, and it’s cheaper than fossil fuels. It’s no wonder Amazon, Target, and many more retailers have already poured billions into the company behind it all. [If you want to see quadruple-digit returns, click here now to get all the details.]( Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Three Rare-Earth Stocks to Buy for 2021]( [Stressing? This Wearable Helps You Get a Hold of Yourself]( [A Trend No Election Can Stop]( [Could There Be a DoorDash IPO in December?]( [Vaccine: Coincidence? You Tell Me...]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Wealth Daily, please add newsletter@wealthdaily.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. [Wealth Daily](, Copyright © 2020, [Angel Publishing LLC](. All rights reserved. 3 E Read Street Baltimore, MD 21202. The content of this site may not be redistributed without the express written consent of Angel Publishing. Individual editorials, articles and essays appearing on this site may be republished, but only with full attribution of both the author and Wealth Daily as well as a link to www.wealthdaily.com. Your privacy is important to us -- we will never rent or sell your e-mail or personal information. [View our privacy policy here.]( No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. [Wealth Daily]( does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. ---------------------------------------------------------------